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  Juniper buys Siemens' Unisphere
Time: 03:25 EST/08:25 GMT | News Source: The Register | Posted By: Alex Harris

Juniper, main competitor to Cisco in the high-end routing space, has acquired Siemens subsidiary Unisphere Networks in a $740 million cash and stock deal. It will pay $375 million in cash and 36.5 million shares of Juniper stock.

As part of the deal, announced today, Siemens and Juniper signed a "global partnership in the field of IP infrastructure and related systems".

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